Funding you earn now, next payment 04:00 UTC+0.3875%/8h= +424.3% APRpaid last 24h −0.052%
Price spread now: Variational Omni against Kraken Futures+0.055%58s7-day average −0.156% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.527%−$53 on $10k
+Price spread, last 4 days (all we have)−0.697%−$70 · spread now +0.055%, 7d avg −0.156%
=Together, before fees−1.224%+ Points / potential airdropVariational Omni: Active · farm board−$122 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$116 a day on $10k at the current rate, and Variational Omni is 0.211% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.156%. Mind the row above: over the last 3 days funding on this pair cost −0.527%, so the current rate has only just turned in your favour. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.527% in total (about -55.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RAYUSD | 1.8104 | −0.3775 | get 0.0472% / 1h | 28m 19s | $91K | $435K | 10x |
| Short | Variational Omni RAY | 1.8114 | 0.0100 | get 0.0050% / 4h | 28m 19s | $708K | $887K | — |
Kraken Futures PF_RAYUSD
Variational Omni RAYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $813.74
- Price spread: +0.055% → −0.156%
- $21.1
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $824.84
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 29 min ago; Variational Omni: RFQ quote, 51 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 29 min ago | 65.52 bp | 105.1 bp −$105 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 51 min ago | 6.01 bp | doesn't fit | 59.3 bp −$593 | doesn't fit | doesn't fit |
RAY on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSDlong | −0.3775% | 1h | 1.8104 | long leg | $91K | $435K | 10x | |
| MEXC RAY_USDT | −0.0093% | 8h | 1.8074 | −0.168% | $12.5M | $2.4M | 100x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.8057 | −0.264% | $1K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −9.260% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8058 | −0.256% | $4.5M | $12.9M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.8077 | −0.152% | $581K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8065 | −0.218% | $1.9M | $783K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8075 | −0.163% | $2.6M | $3.8M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.8078 | −0.146% | — | $2.0M | — | as long as short |
| Variational Omni RAYshort | +0.0100% | 4h | 1.8114 | +0.055% | $708K | $887K | — |
MEXC RAY_USDT
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet RAY-USD | +0.0100% | 1h | 1.8088 | −0.091% | $68K | $66K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.8096 | −0.047% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.8147 | +0.235% | $13K | $90K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8131 | +0.147% | $253K | $940K | 20x | as long as short |
| Lighter RAY | +0.0336% | 1h | 1.8092 | −0.069% | $262K | $309K | 5x | as long as short |
| Orderly PERP_RAY_USDC | +0.1086% | 4h | 1.8118 | +0.075% | $325K | $400K | 10x | as long as short |
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDT
BloFin RAY-USDT
Lighter RAY
Orderly PERP_RAY_USDC